September 6th, 2011
Asset-based loans (ABLs) are low-interest corporate loans secured by borrowers? working capital assets. The assets constitute a borrowing base, which governs the amount of money a lender provides a borrower. ABLs influence recovery, and US speculative-grade rated companies are increasingly incorporating asset-based credit facilities into their capital structures. In this CreditMatters TV segment, Director Greg Maddock provides an in-depth look at how ABLs function and how they affect borrowers and lenders.
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